Trade-Ideas LLC identified

TTM Technologies

(

TTMI

) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified TTM Technologies as such a stock due to the following factors:

  • TTMI has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $6.9 million.
  • TTMI has traded 225,391 shares today.
  • TTMI is trading at 4.65 times the normal volume for the stock at this time of day.
  • TTMI is trading at a new high 4.08% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

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More details on TTMI:

TTM Technologies, Inc., together with its subsidiaries, manufactures printed circuit boards (PCBs) worldwide. TTMI has a PE ratio of 121. Currently there are 2 analysts that rate TTM Technologies a buy, no analysts rate it a sell, and none rate it a hold.

The average volume for TTM Technologies has been 537,200 shares per day over the past 30 days. TTM has a market cap of $851.4 million and is part of the technology sector and electronics industry. The stock has a beta of 1.83 and a short float of 10.3% with 10.55 days to cover. Shares are up 46.9% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates TTM Technologies as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, poor profit margins and generally higher debt management risk.

Highlights from the ratings report include:

  • The revenue growth greatly exceeded the industry average of 3.3%. Since the same quarter one year prior, revenues rose by 35.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Electronic Equipment, Instruments & Components industry. The net income increased by 150.7% when compared to the same quarter one year prior, rising from -$36.61 million to $18.55 million.
  • TTM TECHNOLOGIES INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, TTM TECHNOLOGIES INC swung to a loss, reporting -$0.30 versus $0.17 in the prior year. This year, the market expects an improvement in earnings ($0.91 versus -$0.30).
  • The gross profit margin for TTM TECHNOLOGIES INC is rather low; currently it is at 22.95%. Regardless of TTMI's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, TTMI's net profit margin of 3.08% is significantly lower than the industry average.
  • TTMI has underperformed the S&P 500 Index, declining 7.01% from its price level of one year ago. Looking ahead, other than the push or pull of the broad market, we do not see anything in the company's numbers that may help reverse the decline experienced over the past 12 months. Despite the past decline, the stock is still selling for more than most others in its industry.

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